The Morning Jumpstart Weekly Review 20/06/22...key levels to watch on major markets for the coming week!!
Cryptocurrencies remain under pressure and I expect that things will get worse before they potentially get better as we see cracks appearing in the underlying fundamentals of the asset class. Solana is taking an unprecedented step of freezing a large account...
The week has been so rough with bitcoin going at a bottom of $17000 followed altcoins and Ethereum also respected bitcoins massive move
and had a bottom at 880..The bulls quickly came into action and are trying to push the overall market upward...
2017 has nearly repeated itself should we see bitcoin at $10,000 price range.
With this being said, ETH formed a...
Today we have a bullish day with many coins being pumped. This represents an excellent opportunity for us to short some coins. Some are weaker than others and have greater bearish strength. ETH is one such coin, and I expect it to go much lower over the next few weeks and months. If you want to play conservative, you can take profits at around 5% of the target...
exsamining this 20 precent jump from the 880 ... looks like we have as possible trend reversal but not likley ... it just seems too violent and way that I want a trend reversal to be is a little bit slower very slow trend reversal where we smoothly go on the 9MA and then peek your head over the 9ma and then we start crossing the 50 1000 and 200 in a 100 precent...
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After the big dump in the cryptocurrency market, Ethereum seems to be building up some bullish momentum. With the breakout of a trend line, after a support held at the 880.10 zone.waiting for a retest of the trend line for an entry!....
#FOREXPAID
#PIPSPAYTHEBILLS
Last post on ETH we had all downside targets achieved in orderly fashion. I warned a bit on the weekly RSI being oversold however in a crash/recession we can throw that out the window. In general, we shouldn't make a trade based on RSI but use it as a warning. Oversold can become more oversold.
Onto the next set of targets to the downside which is favored as we...
Ethereum still moving sideways within a broad ascending channel.
Currently compressed below BB middle line.
Volume down, flat MACD, mixed oscillators.
Likely to see a crucial test of the lower limit of the ascending channel.
If so there is a support area around 2700$ (2750-2500$ currently), which may spark a bounce.
failing that mind that a close W under 2700$...
We have a falling wedge pattern breaking bullish.
We have the RSI gone bullish.
We have the MACD trending up strong.
With prices trading above EMA10 and EMA21, with the above signals, we are very likely to see additional growth.
EMA50 is our main target at $1200, but there can be more (EMA100 at $1400).
This is a short-term analysis.
The red dashed line at the...
![ETHUSD: [Watch it] Ethereum may look down for support to a critical area](https://s3.tradingview.com/b/bP0ggzSk_mid.png "[Watch it] Ethereum may look down for support to a critical area")
